CoinEx to shut down exchange after nearly nine years

CoinEx has begun a staged shutdown after nearly nine years, with spot trading ending Sept. 29 and withdrawals closing Dec. 22, 2026. Summary CoinEx will stop spot trading September 29 and close platform withdrawals on December 22, 2026. Futures entered reduce-only mode September 15, while all non-spot services end September 22 across CoinEx. CoinEx will repurchase remaining CET at 0.005 USDT before automatic conversion begins on September 29. Unwithdrawn USDT will face a 5% monthly custody fee after the December 22 deadline passes. CoinEx Wallet and CoinEx Vault will continue operating separately from the exchange shutdown process globally. CoinEx said in its Sept. 14 cessation notice that new registrations would stop on Sept. 15 as futures markets entered reduce-only mode, preventing traders from increasing existing positions or opening new ones. The exchange said it made the decision after a prolonged crypto downturn, weaker industry trading activity and liquidity, and rising regulatory and compliance costs. CoinEx’s official cessation notice CoinEx shutdown starts with trading restrictions From Sept. 15, CoinEx stopped new registrations, referral rebates and new subscriptions or...